Posts Tagged ‘quiksilver’

September 13th, 2015

Quiksilver Closing 27 Stores

“The California locations that will close include Quiksilver stores at South Coast Plaza in Costa Mesa, Del Amo in Torrance, Glendale and Universal Citywalk; Roxy at Fashion Island in Newport Beach; DC Outlet stores in Gilroy, Irvine Spectrum, Pismo Beach; and Boardriders in Pasadena.” – LA Biz

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September 9th, 2015

What Do 50 Cent and Quiksilver Have In Common?

They both just went bankrupt this week!

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September 2nd, 2015

Quiksilver Is For Sale

“Quiksilver Inc., the surfwear chain that has lost more than three-quarters of its value this year, is looking for a buyer that could help keep the company afloat, according to people familiar with the matter. The goal is a management-led buyout, ideally outside of a bankruptcy, that would let the company retain its stores.” – Bloomberg

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July 29th, 2015

Quiksilver Looking To Borrow More Money

“…its cash declined to $48 million in April from $177 million at the start of 2011.” – Bloomberg

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June 25th, 2015

STOP THE PRESS!!! Quiksilver Unveils It’s New Global Creative Direction

Wait for it, wait for it….. Here you go…

Craig Anderson doing a shaka with an eldery lady gesturing the devil sign – so punk rock!! (you had a whole creative department working on this or in truth did you steal Dane Reynolds sketch book and his Instgram photo – if only Andy Mooney could of thought of that)

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Press release:

June 25, 2015 – Quiksilver is proud to unveil its future creative direction which harks back to the brand’s hedonistic and artistic roots.

Premiered during the brand’s international sales conference earlier this month, and launched under the guidance of new CEO Pierre Agnes, the brand’s forthcoming creative blueprint echoes the fertile environment of Quiksilver and the surf community in the 70s and 80s as the company approaches its 50th anniversary.

The inception of this new concept follows the recent promotion of Josh Rush (30) as Global Creative Director. rush brings together Melbourne based design studio Urchin with a hand-picked team of leading creatives and inspirational artists, seeing the likes of surfers Dane Reynolds and Craig Anderson working alongside fashion designers such as Julien David.

Speaking on the future creative direction of Quiksilver, Pierre Agnes stated, “We want to live and document real travel stories and experiences from people within our brand, and in the process connect with local artists, musicians, designers, and grow our creative community. Collaborating, looking for positives and documenting this process allows us to respond and develop a unique visual language that’s raw, honest and undeniably Quiksilver.

In spring 2016, Quiksilver will for the first time introduce the brand narrative ‘stay High’, divided into two distinct stories: the AM and PM collection. supported with strategic consumer segmentation and tiered product positioning targeting the lifestyle fashion market, the stories complete each other to create a cohesive line and will pay homage seasonally to a relevant destination. this season, the creative team immersed themselves in rio de Janeiro and drew their inspiration from the unique culture of brazil – from the brighter colors of São Conrado beach to the darker side of the Rocinha Favelas.

As the original boardshort company, best in class boardshorts are at the heart of the collection. this season’s performance story is driven by the new Wave High, the brand’s halo technical boardshort which features Hi-light fabrication. aligned to Quiksilver’s elite global surf team competing on the Wsl tour, Jeremy Flores (FRA), Fred Patachia (HAW), Wiggoly Dantas (BRZ), Matt banting (AUS) as well as Dane Reynolds (US) will all support the short.

Launching from mid-June 2015 throughout Quiksilver’s global territories, the brand’s 2016 collection will be showcased through a series of tradeshows and events. a first premiere will take place at agenda tradeshow, Long Beach, from July 8th til 9th, 2015.

June 19th, 2015

Liz Dolan – Forced To Quit Quiksilver

“Afterward I asked four directors why I’d been kept in the dark. I was told it was because, “it was very important that the CEO (Andy Mooney) not know in advance what was happening.” – Liz Dolan

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June 9th, 2015

Quiksilver Stock Plummets

“Hello, I’m calling on behalf of Quiksilver – holy sh_t were sinking – does anyone want to buy us?” (VFC or Nike)

Full story at Quiksilver Stock Plummets

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June 2nd, 2015

Quiksilver – The Street Rating: D- (SELL)

“Quiksilver shares of the retailer plunging the company which sells surfing and skateboarding apparel posted a second quarter loss of $0.20 cents per share analyst have been looking for a profit of $0.03 now Quiksilver says late product deliveries negatively impacted sales.” – Bloomberg

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June 1st, 2015

Quiksilver Stock Reaches A 21 Year Low

Quiksilver, Inc.
NYSE: ZQK
March 18, 1994 at 1.27

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June 1, 2015 at 1.28

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May 8th, 2015

“Make Money Off Dying Companies (Quiksilver)” – Yahoo Finance

Quiksilver, Inc. (NYSE: ZQK) – Yahoo Finance
This company makes gear and apparel for the sun and surf crowd. Its sales peaked at $2.26 billion in fiscal (October) 2008, and will likely fall below $1.45 billion this year. The company appears to be on the down wave of a fad and is on pace for its second straight year of net losses.

Of greater concern, free cash flow has been sharply negative for four straight years. This has caused cash to fall to around $50 million, against more than $800 million in short and long-term debt. Lenders hate to see that and could eventually enforce debt covenants that pushes Quiksilver to seek bankruptcy protection.

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